OUE Hospitality Q2 DPS beats forecast

OUE Hospitality Trust yesterday announced a distribution per stapled security (DPS) of 1.64 Singapore cents for its second quarter ended June 30, 2.5 per cent above its forecast. This will be paid on Sept 2.

The Reit has declared total distributions of 6.22 Singapore cents since its inception.

This translates to an annualised yield of 7.6 per cent, and a total return of 9.3 per cent for those who invested at the listing price of S$0.88 per stapled security in July last year.